(8:53 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(8:53 AM) Alert: Hi , Welcome to TTT
redliontrader: gm
(8:54 AM) erndog9: gm
(8:55 AM) ajayvee: Art Cashin said claims number is skewed. Doesn't believe them
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(8:59 AM) bitterwind4: erndog ....had to have hurt ....I am too....will see how it comes out.
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(8:59 AM) desertone: gm everyone!
(8:59 AM) erndog9: you still holding short futures bitterwind?
(9:00 AM) bitterwind4: only twm now
(9:01 AM) rjllanas: gm
(9:01 AM) tomthetrader: GM
(9:01 AM) erndog9: still holding a tf short. will treat like a new trade today
(9:01 AM) tomthetrader: Thursday
(9:02 AM) tomthetrader: TF TZA BGZ
(9:02 AM) tomthetrader: 100% short Traders
(9:02 AM) tomthetrader: Good to see you Ernie
(9:02 AM) tomthetrader: we get you for a day /
(9:03 AM) erndog9: just till about 10 today.
(9:03 AM) JR Roden: Thx. Are you still confident w/shorts w/jobs data better than expected?
(9:05 AM) erndog9: Are to portfolios correct this morning? looks like all bgz in traders?
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(9:06 AM) Fulkdaddy: The top ranked GOOG analyst was on Fast Money last night and he is looking for the lower range of expectations tonight.
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(9:06 AM) Fulkdaddy: Could disappoint the street
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(9:08 AM) tomthetrader: Ernie what are you positioned for ?
(9:08 AM) tomthetrader: what are your holdings ..bull/ bear ?
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(9:16 AM) erndog9: bearish. holding tf short and some bgz and twm in sep accts
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(9:17 AM) tomthetrader: maybe by Sept ...market still wants up ?
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(9:18 AM) erndog9: yes, maybe so but needs to go down today.
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(9:18 AM) erndog9: What did youget out of your futures at Tom?
(9:18 AM) azags: y
(9:18 AM) ajayvee: gm
(9:19 AM) rjllanas: gm
(9:19 AM) derr11: y
(9:19 AM) netherbow1: gm
(9:19 AM) Bert_TTT: gm
(9:19 AM) bloomert: gm
(9:19 AM) erndog9: y
(9:20 AM) ajayvee: 921 - 932.75
(9:21 AM) desertone: FYI if anyone cares, McHugh last night posted : We are off to the races.. Dow 9700 and SPX 1050. However we are ovb and some decline is still possible but not the 7700 DOW previously projected.
(9:22 AM) desertone: The stochastics today show that we may go lower.
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(9:27 AM) ajayvee: Art extended that deadline to next week
(9:27 AM) tomthetrader: Thank you
(9:28 AM) tomthetrader: Art did !
(9:28 AM) tomthetrader: I missed
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(9:29 AM) ajayvee: he said it may take a few more days past Friday to figure this market out
(9:30 AM) berniectx: Tom do you watch BUCY, Jon Najarian seems to like
(9:30 AM) Fulkdaddy: I just listened to Art and he said, Friday we will decide if we need to extend the deadline until next week
(9:31 AM) ajayvee: thanks dave
(9:31 AM) tomthetrader: YES BUCY JOYG looking good he lloikes
(9:32 AM) ajayvee: POT up big
(9:33 AM) Fulkdaddy: JPM down off of great #'s
(9:33 AM) netherbow1: STEC!
(9:35 AM) tomthetrader: YES great run up 7 days straight ?
(9:35 AM) netherbow1: news
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(9:36 AM) netherbow1: sales to exceed 200m now
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(9:40 AM) tomthetrader: shedding shorts ...sounds like a bad thing /
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(9:43 AM) arujunaa: bond update: took profits on 50% long (of 75%) tyu9 at 117.219 (cost 117.146). keeping 25% long as a core position. i need to see how stocks perform into friday's close.
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(9:45 AM) tomthetrader: ECONOMY OUT OF RECESSION ON TARGET
(9:45 AM) tomthetrader: Bathtub drained ?
(9:46 AM) tomthetrader: some of them !
(9:46 AM) Alert: The final day of the Sotomayor confirmation hearing LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
(9:46 AM) tomthetrader: Mr Roubini would not agree
(9:47 AM) ajayvee: u bet
(9:47 AM) Bert_TTT: y
(9:47 AM) azags: y
(9:47 AM) bloomert: y
(9:47 AM) Fulkdaddy: mic goo
(9:47 AM) erndog9: y
(9:47 AM) energy2x: y
(9:47 AM) richardt_5: y
(9:47 AM) berniectx: y
redliontrader: y
(9:47 AM) derr11: y
(9:47 AM) netherbow1: y
(9:47 AM) rekon8: y
(9:47 AM) bitterwind4: y
(9:47 AM) rjllanas: y
(9:48 AM) tomthetrader: Thank you
(9:48 AM) desertone: y also
(9:48 AM) richardt_5: HOG way up
(9:49 AM) ajayvee: highest foreclosure rate ever!
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(9:51 AM) ajayvee: looks like market just loves bank failures and foreclosures, car repo's and credit card defaults!
(9:52 AM) tomthetrader: yes..discounting mechanism or EUPHORIA after a generational low in equities
(9:52 AM) tomthetrader: Paul Volcker Bull market
(9:52 AM) tomthetrader: Nobody does it better
(9:52 AM) tomthetrader: He is a mastermind
(9:53 AM) bitterwind4: also many forclosures in the high end.....not just the low income loans. Not an economy that is healthy.
(9:53 AM) bitterwind4: 1 mil to 4 mil
(9:53 AM) tomthetrader: and is running this market behind the seens so it probably is a Bad decesion fighting the FED treasury and all gov't enterprises
(9:55 AM) JR Roden: GS still negative today
(9:56 AM) DE_TTT: Also, put sellers (dealers) from last week raked it in!
(9:56 AM) tomthetrader: call buyers making a fortune ..just what the gov't wants ....more cash on the streets to TRICKLE DOWN
(9:56 AM) tomthetrader: YES DE ..even moreso !
(9:57 AM) bitterwind4: Govt takes a huge chunk of those profits
(9:57 AM) tomthetrader: Put sellers ...most call buyers got washed out but you are correct
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(9:59 AM) tomthetrader: sell BAC and reenter please give fills for RED or a quote
(9:59 AM) nimesh_: did we hold the ES?
(9:59 AM) tomthetrader: please give a BAC
(9:59 AM) tomthetrader: position
(10:00 AM) tomthetrader: price fill
(10:00 AM) bitterwind4: would sure like that to be a failed BO in the RUT...is off highs a bit
(10:00 AM) tomthetrader: 13.16
(10:00 AM) tomthetrader: covered short BAC
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(10:03 AM) bitterwind4: now go red for the day would be nice
(10:03 AM) ajayvee: Naz A/D -300 Vol +1.3:1
(10:04 AM) ajayvee: NYSE A/D -570 Vol -2.7:1
(10:04 AM) ajayvee: RUT A/D -580 Vol -1.2:1
(10:05 AM) tomthetrader: GILD we will lock in profits now 46.48
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(10:06 AM) tomthetrader: Gilead Sciences, Inc.(NasdaqGS: GILD)
Real-Time: 46.49 0.67 (1.46%) 10:06AM ET
(10:06 AM) tomthetrader: BK OF AMERICA CP(NYSE: BAC)
Real-Time: 13.05 0.37 (2.76%) 10:06am EThelp
(10:07 AM) desertone: GS nice......
(10:07 AM) tomthetrader: any one here shortn BAC or long GILD
(10:08 AM) tomthetrader: D 1 we like your style ..good trader
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(10:09 AM) nimesh_: any particular reason dow is green and spx is red....what dow componet is holding ut up?
(10:09 AM) sttteve: was long GILD sold 46.48
(10:09 AM) tomthetrader: sold ZF at 2.80
(10:09 AM) tomthetrader: out of ZF with a small profit sold 2.80
(10:09 AM) desertone: DOW is not green
(10:10 AM) nimesh_: yesm sorry not green, ym is green
(10:10 AM) nimesh_: dow red, ym green
(10:11 AM) ajayvee: yes, but ym is 60 points below dow
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(10:12 AM) Freezinalberta: go $USD
(10:13 AM) nimesh_: ibm green
(10:13 AM) nimesh_: goog, red
(10:14 AM) ajayvee: tomorrow's trio: GE BAC and C all red
(10:18 AM) berniectx: I remember but did not keep
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(10:20 AM) csu30: Tom, just forwarded Nick's last email
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(10:21 AM) csu30: Your welcome, sorry it took so long
(10:24 AM) desertone: Yep
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(10:42 AM) ajayvee: Naz A/D -250 Vol +1.8:1
(10:42 AM) ajayvee: NYSE A/D -140 Vol -2:1
(10:42 AM) ajayvee: RUT A/D -380 Vol -1.1:1
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(10:53 AM) ajayvee: is it morning nap time? sure is quiet in here...I mean except for the music
(10:54 AM) tomthetrader: Hope everyone OK
(10:54 AM) tomthetrader: seems toppy here
(10:54 AM) tomthetrader: as a/d line and up down volume cannot progress while DOW up .25 %
(10:55 AM) tomthetrader: these are some small signs of a top as we saw at 944 a while back before we went to 870
(10:59 AM) ajayvee: I would like to see yesterday's gap filled, but that's a long ways away
(10:59 AM) tomthetrader: maybe by next friday ?
(11:02 AM) ajayvee: you mean this market may actually go down some day?
(11:02 AM) Todd5566: I know my intuition is always the reverse, like I said yesterday, it is a rally or unch day since I expected a big down, never miss since May
(11:03 AM) ajayvee: Paulson getting bitch-slapped by congress
(11:05 AM) tomthetrader: yes
(11:06 AM) tomthetrader: right now another nr7
(11:07 AM) JR Roden: OpEx Thursdays typically seem slow
(11:09 AM) tomthetrader: aug 52.00 iwm puts ....taking a look here
(11:11 AM) Freezinalberta: higher, lower or flat day today?
(11:11 AM) Freezinalberta: buy, hold, or sell?
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(11:15 AM) netherbow1: TOM do you have any opinion on STEC after today's news ?
redliontrader: I am reworking Nick's spreadsheet to add more symbols and update realtime via the website... I need benchmare equivs for BGU and BGZ - does it mostly follow the Dow?, the S&P?
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redliontrader: anyone? anyone? anyone? bueller?
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(11:26 AM) Freezinalberta: red, follow Direxion website for benchmark equivs http://www.direxionshares.com/etfs
redliontrader: thank you Freeze!
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(11:31 AM) ajayvee: right or wrong, whatever happened, happened. what is congress's objective here? to undo the merger of BAC/MER
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(11:34 AM) DE_TTT: BGZ tracks 3x the Russell 1000
redliontrader: that is their actual benchmark, we are trying to use them to model performance of futures.. so the question is does BGU more closely follow the S&P or Dow?
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(11:35 AM) sttteve: so that would be much closer to S&P Red
(11:36 AM) DE_TTT: Definitely tracks closer to the SP500....http://www.russell.com/indexes/characteristics_fact_sheets/us/Russell_1000_Index.asp
(11:36 AM) DE_TTT: http://www.russell.com/indexes/characteristics_fact_sheets/us/Russell_1000_Index.asp
(11:36 AM) sttteve: would have even more stocks in it then even Sand P
redliontrader: all good.. thanks
(11:37 AM) DE_TTT: 973 stocks currently in R1000
(11:38 AM) tomthetrader: thanks for all the efforts guys
(11:40 AM) tomthetrader: SRS and FXP should be on your Watch lists
(11:40 AM) tomthetrader: EDZ also
(11:41 AM) tomthetrader: sell one level of Main Fund Shorts here
(11:41 AM) tomthetrader: cover one traunche of shorts in Main
(11:48 AM) tomthetrader: A/D still OK ..combined up/ down volume flat
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(12:17 PM) tomthetrader: this is the quitest this room has been in years ......
(12:19 PM) rjllanas: do you think CIT is a good buy now?
(12:23 PM) tomthetrader: No
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(12:23 PM) tomthetrader: CIT is like GM or AIG
(12:23 PM) bitterwind4: not w possible BK looming
(12:23 PM) tomthetrader: it is a day trading vehicle on tjhe government
(12:24 PM) rjllanas: ok
(12:24 PM) tomthetrader: US Gov't will have a say as NO ONE would payfor CIT
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(12:24 PM) tomthetrader: maybe a trade in rumors ...if you can time it ..but no go
(12:26 PM) tomthetrader: again we will start taking losses on our shorts inn Main and traders here buy selling another traunche in each BGZ
(12:26 PM) tomthetrader: we have to prepare for the worst .....
(12:27 PM) tomthetrader: IRA 80% cash 20% long T
(12:27 PM) tomthetrader: Main Fund should now be 25% short
(12:28 PM) tomthetrader: Traders should be 75% Short
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(12:32 PM) tomthetrader: WE WILL PUT A HARD STOP ON ALL POSITIONS AT 1% below BID in traders Main and IRA
(12:32 PM) tomthetrader: Time to clean up this MESS
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(12:33 PM) tomthetrader: 1% stops in all positions ...going to cash if the market rallies
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(12:35 PM) bitterwind4: so stop twm 40.32
(12:35 PM) tomthetrader: yes 40.30 ish
(12:36 PM) tomthetrader: RED should get the numbers up quick
(12:36 PM) tomthetrader: Pray we don't get hit
(12:36 PM) tomthetrader: 40.32 is 1% on one layer
(12:36 PM) tomthetrader: we have several
redliontrader: workin it...
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(12:38 PM) bitterwind4: thought RUT mught brk S 1 hr ago, but it did not
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(12:57 PM) ajayvee: Naz A/D -295 Vol +1.5:1
(12:57 PM) ajayvee: NYSE A/D -40 Vol -1.5:1
(12:58 PM) ajayvee: RUT A/D -312 Vol +1.2:1
(12:59 PM) tomthetrader: we are really treading water but bad news is we are going neutral and getting cash raised for another run is the bulls plan
(1:00 PM) tomthetrader: the selloff yesterday was 90% opex short covering
(1:00 PM) bitterwind4: so is this turning into a consolidation day on so so volumn ....down or up tomorrow.
(1:00 PM) tomthetrader: now holding it will be bullish
(1:01 PM) tomthetrader: Yes...just a chance for Bulls to take positions ...but if we can roll over here bods very well for another 870 test very quick
(1:01 PM) tomthetrader: pain is involved in each for each camp
(1:01 PM) tomthetrader: we would like to see a steady sell off
(1:02 PM) tomthetrader: -1% today and 1% tomorrow
redliontrader: OK, back together..
redliontrader: I have stops on BGZ at 32.99
redliontrader: TWM @ 40.43
(1:06 PM) tomthetrader: Thank you RED
(1:06 PM) tomthetrader: very good work
redliontrader: 60% Short Traders with BGZ
(1:06 PM) tomthetrader: market is trying to understand what they have done today
redliontrader: 30% Short Main with TWM and BGZ
redliontrader: 20% Short IRA with T
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(1:07 PM) tomthetrader: pretty good evidence that yesterday was short covering options related
redliontrader: 20% Long IRA with T
(1:07 PM) tomthetrader: Thank you
(1:07 PM) tomthetrader: any thoughts on the market Red ?
redliontrader: Prices are not auto-updating on the SpreadSheet due to a goggle problem. I have to put in quotes by hand.. so I will update as often as I can, but the constant Loading.. message was driving me nuts.. at least now we can see the portfolio totals
redliontrader: Tom.. Do you want 1% stops on T?
redliontrader: My read on the day is NR7.. there might be short covering starting at 3pm
(1:09 PM) ajayvee: the market circumsized the bears yesterday. I think it's the bull's turn
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redliontrader: Starting almost exactly at noon we buyers started to come, I suspect it was Lunch time investors either covering or excited to get in, that has stopped at 1pm here, lets sell how this selling goes.. we are selling today
(1:14 PM) bitterwind4: time of day for a minor reversal if it happens 1:15
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redliontrader: I have the peak of the buying marked as 10:30 yesterday, since then the ticks have progressively weakened, although painfully so.. the 12pm buying has briefly reversed the tick slide trend, let's see if they can turn back down..
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redliontrader: BGZ Stop 33.10/ TWM 40.48
redliontrader: current values.. not stopped out
(1:25 PM) pointfisher: rally back on June 1st is a very similar chart - roasted the bears for several days before pulling back
(1:25 PM) bitterwind4: ok willmove my TWM stop up to 40.48
(1:26 PM) berniectx: My guess for the day SPX close 932
(1:26 PM) bitterwind4: fo an option exp week Thursday....it sure seems quiet
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(1:30 PM) tomthetrader: Gosh hate to even think back on GLW and CSCO and the stock of the week STEC WOW
(1:30 PM) tomthetrader: most stocks have hit their targets so not too much left on upside
(1:31 PM) tomthetrader: rarely have a 10% up week
(1:31 PM) netherbow1: I think STEC a $50 stock myself - from no earnings to 200m est
(1:32 PM) tomthetrader: acting like the best stock of the year
(1:32 PM) netherbow1: always am too optmistic tho
(1:32 PM) ajayvee: July Expiration Day, Dow down 6 of last 8. Off 390 points (4.6%) in 2002
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(1:33 PM) bitterwind4: ay comments on the RUT SPX charts....range for the day is so narrow/short nest to yesterdays huge candle. SPX still below 200 ema. RUT is slightly above. conviction is in a tight daily candel so far.
(1:34 PM) tomthetrader: Tom Watson for us old guys in 1st place
(1:34 PM) tomthetrader: Thanks bitter
redliontrader: Bad boy Dow A/D now at lod and weakening..
redliontrader: Dow weakest, n100 strongest, N100 Still + all others -
(1:37 PM) bitterwind4: is any one going to want to hold these gains into the weekend??
redliontrader: TWM stops trialing now moved to 40.49, bgz still 33.10
(1:40 PM) csu30: Tom, is DUG worth another look at this juncture?
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redliontrader: Roubini said just two weeks ago that economist who believe in any type of recovery this year are "delusional".
redliontrader: from March... so March + Two weeks
(1:43 PM) bitterwind4: RUT just broke up thru dt line for the day 1 min
(1:44 PM) tomthetrader: DUG FXP EDZ
(1:44 PM) tomthetrader: all decent plays until Labor Day ?
(1:44 PM) tomthetrader: for sure 2 weeks
(1:45 PM) tomthetrader: TLT acting well but gosh ...this isso OPEX influenced
(1:45 PM) csu30: OK, thanks, I picked up FXP yesterday at 11.67 so I may let it go at that
(1:45 PM) tomthetrader: if all economists think we are strong ...I can't see anything but STAGFLATION
(1:45 PM) tomthetrader: STAGFLATION
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(1:46 PM) tomthetrader: may be the term this next 6-9 months ..say you heard it here
(1:47 PM) ajayvee: $SOX new HOD
(1:49 PM) ajayvee: A/D line going positive Vol still slightly negative
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(1:51 PM) ajayvee: GS new HOD
(1:51 PM) longerorshorter: IBM new hod
(1:51 PM) arak99: check VIX drop
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redliontrader: BGZ Stopped out 33.10
(1:55 PM) bitterwind4: Out TWM with biggest loss of the year
(1:55 PM) arak99: VIX below 25 ... shorts will be doing the last 30 secs of this video http://www.youtube.com/watch?v=ISD1hJz53L8
(1:56 PM) Pete45: new word fro me -thx
(1:56 PM) Pete45: a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)
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redliontrader: TWM Stopped 40.49
(1:58 PM) nimesh_: tnx down for some reason
redliontrader: We are 100% Cash in Traders and Main, 20% Long in IRA
(2:01 PM) berniectx: Have to run be careful everyone...the manipulators will confuse all
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(2:05 PM) nimesh_: why is goog red
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(2:10 PM) nimesh_: wonder why ndx is up so much....nok and xlnx had bad reports
(2:10 PM) nimesh_: goog red, aapl flat
(2:10 PM) nimesh_: ibm is up $2 though
(2:13 PM) ajayvee: wow! asking Paulson what he did in the Nixon white house...how relevant is that!!
(2:15 PM) arak99: ES target 940 .. but I did not expect to get so near today
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(2:16 PM) arak99: it all starts with Noxon going off the gold standard to print more money & credit
(2:17 PM) arak99: Nixon, Reagan & Bush Jr ... Arthur Burns & Greenscam
(2:17 PM) arak99: so I guess you have to start with Nixon
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(2:21 PM) Pete45: are we still holding ZF -its not showing on the web site?
(2:21 PM) ajayvee: out of everything but T
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(2:22 PM) tomthetrader: QQQQ Highs of year
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(2:24 PM) Pete45: What changed in ZF –I thought it was a long term thing
(2:24 PM) nimesh_: nope we going to 20000 spx
(2:25 PM) derr11: BRCD high of the year. Hibuck isn't here so I will cover for him
(2:25 PM) Pete45: ok thx
(2:27 PM) tomthetrader: Thank you
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(2:33 PM) tomthetrader: MOS takeover soon ?
(2:33 PM) tomthetrader: MOS
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(2:33 PM) tomthetrader: possible big play takeover
(2:33 PM) ajayvee: Naz A/D +260 Vol +2:1
(2:33 PM) ajayvee: NYSE A/D +752 Vol +1.1:1
(2:34 PM) ajayvee: RUT A/D +277 Vol +1.6:1
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(2:37 PM) bitterwind4: BAC back to 13.40
(2:38 PM) arak99: I'm trying a short at ES 937.25
(2:38 PM) arak99: corresponds to SPX 941 R1
(2:43 PM) tomthetrader: tomthetrader: yes..it looks like a new bull leg
tomthetrader: good thing is we should get a 1-3% correction to buy some good stocks ..bad thing is we wasted a week on shorting a bull
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(2:52 PM) ajayvee: is everyone depressed or drunk, or both? sure is a quiet chat today!
(2:52 PM) Todd5566: depressed
(2:53 PM) ajayvee: should we be jumping on this ride?
(2:53 PM) Todd5566: a good lesson for me to remember
(2:54 PM) ajayvee: did I see that right? $TICK at 1389?
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(2:55 PM) Harrod_t: That is what I had from TradeStation
(2:55 PM) tomthetrader: long year ahead
(2:56 PM) tomthetrader: let's get some cash rounded up and prepare for some sector plays
(2:57 PM) arak99: out if my short already
(2:57 PM) arak99: don't think we are getting any last hour sell off here
(2:57 PM) ajayvee: I'm all cash now, less than last week, but still all cash
(2:58 PM) tomthetrader: ZWEIG BOOK IS DEAD ON ...strength begets strength ...my bad ..really had me on the bear side ...lots of mistakes ...will retool and hit them back
(2:58 PM) bitterwind4: too late for me...I feel like it anyway...chasing. trying not to watch the longs I sold monday going up . will refocus watching 15minute 10-15 day charts for re entry on a PB. if it occurs. will not push it
(2:59 PM) ajayvee: irrational exuberance!!
(2:59 PM) arak99: volume pouring in the last hour
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(3:00 PM) arak99: what recession ... party like its 1999
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(3:02 PM) aza1_1: why did you bounced me t-day
(3:03 PM) aza1_1: y-day
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(3:03 PM) bitterwind4: what recession...you mean the leases I just renewed and rolled back to 2000 year levels....I was duped. The businesses were not really suffering and business is great.
(3:03 PM) aza1_1: is this room pswp rotected or what ?
(3:03 PM) bitterwind4: vacancy rates are sky high in San Jose
redliontrader: Aza, you need to IM me if you want to stay.. I can't IM you
(3:04 PM) tomthetrader: aza1_1 was bounced from the room by tomthetrader. If you want to learn more about the rules for this room, read the room rules on the groups page or contact the owner: tomthetrader
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redliontrader: Or else
redliontrader: lol
redliontrader: i bounced him/her y'day
(3:04 PM) dhmohan1963: what about ung
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(3:10 PM) tomthetrader: Hang tuff guys and gals
(3:10 PM) tomthetrader: we are OK
(3:10 PM) arak99: GS made my target .. 157
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(3:11 PM) tomthetrader: I had a 150.00 close tomorrow
(3:11 PM) tomthetrader: BAC may be a short again
(3:12 PM) tomthetrader: here for the 10th time !
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(3:12 PM) tomthetrader: BAC short again ?
(3:12 PM) tomthetrader: works everytime ?
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(3:20 PM) Frank_TTT: what could stop the freight train? green shoots everywhere. gov backstopping anyone in trouble (except me )
(3:21 PM) longerorshorter: hear rumor of a possible second stimulus package? r they nuts
(3:21 PM) tomthetrader: WE will buy EDZ 10% in Traders 12.24
(3:22 PM) arak99: wouldn't tomorrow fetch a better price for EDZ?
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(3:22 PM) nimesh_: tom, are we swtill hitting 900 by end of july?
(3:23 PM) tomthetrader: we will buy 10 % in traders FXP at 11.65
(3:23 PM) dhmohan1963: you still are shoting i thought you had changed your view
(3:24 PM) dhmohan1963: did i hear you wrong and did not pay attention
(3:25 PM) tomthetrader: stop 4% back
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(3:29 PM) tomthetrader: we will buy in the Main fund QID 25%
(3:29 PM) tomthetrader: filled at
(3:29 PM) tomthetrader: 30.05
(3:30 PM) tomthetrader: Main fund is 25% short via QID at 30.05
(3:31 PM) ajayvee: are you looking at GOOG disappointing?
(3:31 PM) nimesh_: no way
(3:31 PM) nimesh_: expectations are too low for companies
(3:31 PM) tomthetrader: not now !
(3:32 PM) arak99: sep vix 25 calls?
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(3:33 PM) ajayvee: VIX IE at $6?
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(3:35 PM) tomthetrader: IRA we will buy SDS 25% here
(3:36 PM) tomthetrader: 52.24
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(3:36 PM) ajayvee: what happened to the next bull leg up?
(3:36 PM) tomthetrader: IRA added SDS 52.24 25% IRA
(3:37 PM) arak99: SPX stuck at 941 R1 hurdle
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(3:42 PM) Pete45: $942
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(3:42 PM) arak99: ES next stop 942
(3:42 PM) arak99: SPX 945.8
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(3:46 PM) ajayvee: I know we just got burned by TWM, any reason not to get back in?
(3:46 PM) nimesh_: wow, this isridiculous
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(3:54 PM) pointfisher: 3-day RSI = 93
(3:55 PM) pointfisher: (SPX)
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(3:55 PM) Frank_TTT: richard sutmeier's annual resistance is at 967.1. we get that and we have a perfect megaphone top formation + a double top
(3:56 PM) Frank_TTT: now that the h&S that the whole world saw is gone, need someting new to look for!
(3:57 PM) bitterwind4: like to see the RUT come all the way back to 515 level on the day...below the hod
(3:57 PM) Frank_TTT: bet the gov still bails out CIT. they tested the market today to see how it would react saying they wouldn't
(4:00 PM) Frank_TTT: some real bottom fish for those so inclined - UNG. nice big vol day off bottom
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(4:02 PM) DE_TTT: GOOG Google prelim $5.36 vs $5.09 First Call consensus; revs $4.07 bln vs $4.06 bln First Call consensus
(4:02 PM) arak99: short ES 938
(4:03 PM) Frank_TTT: goog down 10 points after report
(4:04 PM) tomthetrader: goog puts selling them niow /
(4:04 PM) Frank_TTT: bingo!! nice one tom
(4:05 PM) ajayvee: atta boy tom!
(4:06 PM) Frank_TTT: IBM flyin, that surprises me
(4:06 PM) DE_TTT: IBM IBM prelim $2.32 vs $2.02 First Call consensus; revs $23.3 bln vs $23.59 bln First Call consensus
(4:06 PM) DE_TTT: IBM Raises full-year 2009 EPS expectations to at least $9.70 from $9.20
(4:06 PM) DE_TTT: IBM IBM says it's ahead of pace for 2010 roadmap of $10 to $11 per share -Update-
(4:07 PM) ajayvee: IBM taking off!
(4:07 PM) tomthetrader: IBM is unbeatble
(4:07 PM) ajayvee: GOOG green
(4:07 PM) tomthetrader: DE great report
(4:07 PM) Frank_TTT: beat on eps, short on revs. been the story for 65% of s&P numbers so far
(4:07 PM) tomthetrader: yes...revs head counts
(4:07 PM) ajayvee: layoff your biggest expense and take profits!
(4:08 PM) desertone: IBM yum yum
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(4:08 PM) tomthetrader: light on revs but toplines are ,marvelous
(4:08 PM) tomthetrader: No healthcare costs
(4:09 PM) tomthetrader: just layoff
(4:09 PM) tomthetrader: GOOG rally
(4:10 PM) tomthetrader: IBM 114
(4:10 PM) Frank_TTT: 434.2, down $10+ since close
(4:10 PM) desertone: GOOG rally tomorrow U mean Tom?
(4:10 PM) Frank_TTT: goog
(4:10 PM) ajayvee: GOOG at LOD now
(4:10 PM) tomthetrader: IBM not in QLD !
(4:10 PM) tomthetrader: QID OK
(4:10 PM) tomthetrader: 110
(4:10 PM) Frank_TTT: 432, LOD 430.92
(4:11 PM) ajayvee: ok I had LOD at 434.10
(4:12 PM) bitterwind4: yep
(4:12 PM) ajayvee: now I have 429.05
(4:12 PM) ajayvee: AH
(4:12 PM) nimesh_: maybe this weeks rally had expectations too high
(4:13 PM) tomthetrader: 430
(4:13 PM) bitterwind4: 430 here
(4:13 PM) tomthetrader: like we said
(4:14 PM) ajayvee: made 6 ticks on ES short
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(4:14 PM) desertone: Good Night everyone
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(4:15 PM) nimesh_: cnbc trying to pump goog
(4:15 PM) tomthetrader: Night
(4:15 PM) netherbow1: thxs TOM - nite everyone - on to tomorrow
(4:15 PM) tomthetrader: yes apologize for the mistake
(4:15 PM) tomthetrader: came out too soon and F 'ed it up
(4:15 PM) tomthetrader: I hate CNBC
(4:16 PM) tomthetrader: Night nether
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(4:16 PM) netherbow1: CNBC definitely just pumpers
(4:16 PM) netherbow1: nite
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(4:17 PM) ajayvee: FXP and EDZ still working, haven't said that for a couple days
(4:18 PM) nimesh_: only reason i watch is for news....but i hate their commentary
(4:18 PM) nimesh_: they are saying today's rally based on roubine
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(4:18 PM) tomthetrader: EDZ I am liking AJ ?
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(4:19 PM) nimesh_: tom, is sndk reporting today?
(4:19 PM) tomthetrader: not til next week
(4:19 PM) tomthetrader: short now
(4:20 PM) nimesh_: short sndk? is that what u mean?
(4:20 PM) nimesh_: dow outerformed by large margin
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(4:29 PM) ajayvee: at least they kept it under triple digits
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(4:59 PM) Alert: The importance of Loyalty the topic on News Talk Online in the Radio/TV Section NOW [Free Video]
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(5:33 PM) Alert: Newsman Martin Di Caro who is covering President Obama in NJ today is LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
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